Karachi
May 2, 2021
Jamaat-e-Islami (JI) Karachi Emir Hafiz Naeemur Rehman on Friday expressed concern over relaxations provided by the federal government to the K-Electric (KE) in terms of hefty subsidiaries despite the fact that the private company had posted a net profit of more than Rs9 billion in only the last nine months.
The JI Karachi chief was commenting over a news item that mentioned the KE’s net profit for the nine-month period ending March 31, 2021, to be Rs9.443 billion. The annual subsidy was tantamount to sheer injustice towards the people affected by the KE and placing the national exchequer under great pressure without any logic, he said.